Skip to Content
author's profile photo Former Member
Former Member

procurement of materials

hi sap gurus

Can anyone tell me what is the entry at the time of procurement of materials(with Cin)in sap.

sanjay kumar

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Feb 28, 2009 at 07:30 AM

    Sanjay,

    Below mentioned is the detailed entry for the entire procurement cycle given step by step.

    1. When PO is created :

    -


    No Entry -


    2. When GR is posted

    Inventory Account dr

    To GRIR account Cr

    3. When Invoice is posted

    GRIR account Dr.

    Vendor account Cr.

    4. Payment made to Vendor

    Vendor A/c Dr

    To Bank Clearing A/c Cr.

    CIN has an effect of creating the following additional entries.

    You can post excise by choosing capture & post excise data which results in following entries at the time of goods receipt(MIGO).

    RG23A BED Dr

    RG23A Education Cess Dr

    To Cenvat Clrg Cr

    At the time of Invoice Receipt(MIRO)

    GR/IR clrg Dr

    Cenvat Clrg Dr

    To vendor Cr

    Hope this clarifies. Let me know if you need any additional information.

    Rgds

    manish

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.